Ades Holding Company
"Sector" = median of Energy across 33 companies
About Ades Holding Company
AI-generatedAdes Holding Company is a Saudi-based oil and gas drilling contractor, providing onshore and offshore drilling services to national and international oil companies. The company operates a modern fleet of rigs, including jack-up rigs and land rigs, primarily in the Middle East and North Africa (MENA) region. With a strong focus on safety and operational efficiency, Ades supports exploration, development, and production activities for its clients.
The company generates revenue through long-term drilling contracts, typically with fixed day rates, as well as short-term and spot contracts. Revenue is driven by rig utilization and operational uptime. Key cost components include labor, maintenance, and equipment. Ades also benefits from ancillary services such as rig mobilization and well services. The recent revenue growth of 52.37% year-over-year reflects fleet expansion and higher demand.
Ades operates in the cyclical oil and gas drilling industry, competing with regional and global players like Arabian Drilling, Shelf Drilling, and Seadrill. Its competitive advantages include a young and technologically advanced rig fleet, strong relationships with national oil companies (NOCs), and a strategic focus on the MENA region, which benefits from lower extraction costs and supportive government policies. The company's high operating margin of 29.26% indicates efficient cost management.
The primary customers are national oil companies (NOCs) such as Saudi Aramco, as well as international oil companies (IOCs) operating in the Middle East and North Africa. Key geographic markets include Saudi Arabia, Kuwait, Egypt, and other MENA countries. Ades also has a growing presence in Southeast Asia and Africa. The company's customer base is concentrated, with a significant portion of revenue derived from long-term contracts with Saudi Aramco.
An auto-generated descriptive profile based on company data, for informational purposes only.
Ades Holding's stock dropped 1.33% to 18.51 SAR, despite positive contract wins. The company secured a $129 million North Sea drilling contract and a $48.2 million Nigeria jackup contract, along with a new rig deal in Nigeria. These developments signal strong operational momentum, but the market reaction was negative, possibly due to profit-taking or broader sector weakness.
- •ADES Wins USD 129M North Sea Drilling Contract
- •ADES Wins $48.2M Nigeria Jackup Contract
- •ADES signs new contract for Shelf Drilling Odyssey rig in Nigeria
- •Stock price declined 1.33% to 18.51 SAR
Financial highlights
Latest saved period: March 2026 · 2026-03-31
Dividend history
Cash dividends by ex-date, not an investment recommendation.
| Ex-date | Amount | Payment date | Period |
|---|---|---|---|
| Apr 15, 2026 | 0.24 SAR | — | — |
| Aug 20, 2025 | 0.21 SAR | — | — |
| Mar 11, 2025 | 0.22 SAR | — | — |
| Sep 16, 2024 | 0.22 SAR | — | — |
Revenue
↑ 52.0%Net Income
↑ 18.4%Free Cash Flow
↑ 1860.0%Diluted EPS
↑ 16.7%Ades Holding Company (2382) analysis
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Financial statements and ratios
When available, the page shows quarterly and annual statements plus ratios such as PE, price to book, profit margin, and free cash flow. Latest financial period shown: March 2026.